I’m trying to figure out if FP Markets is actually cheaper than some of the other regulated options out there, especially once I factor in rebates from GlobeGain. But I’m getting confused because everyone quotes spreads differently and I’m not sure if I’m comparing apples to apples.
I’ve been looking at a few brokers - FP Markets, IC Markets, and maybe one EU-regulated option - and the spreads look similar on the surface. But when I add rebates into the picture, the true cost per trade gets hard to calculate.
How do you actually figure out which broker costs less for your specific strategy? Is it just about spreads plus commissions minus rebate, or is there something else I’m missing?
For someone trading maybe 20-30 lots per week, what’s your honest experience with the total cost difference between FP Markets and its main competitors?
Calculate spread plus commission minus rebate.
Real cost depends on your trade volume.
Total cost is spread plus commission minus rebate. That’s the formula. Test it with your actual trading volume. FP Markets typically runs around 0.8-1.0 pip spreads on majors depending on account type. IC Markets is similar or sometimes tighter if you’re on their raw spread account. Then subtract the GlobeGain rebate from both. The difference usually comes down to account type and whether you’re scalping or swing trading. At 20-30 lots weekly you’re not big enough for volume discounts yet, so focus on consistent execution and platform stability rather than chasing the smallest spread difference.
The way I do it is straightforward. I picked one pair I trade regularly, usually EUR/USD, and calculated the cost on each broker for 10 trades.
Spread plus any commission, then subtract the rebate each broker offers. FP Markets and IC Markets ended up pretty close for me, but the rebate structure on GlobeGain made a real difference.
The bigger factor for me was execution quality. A cheaper spread doesn’t help if you get slipped on entry. Test small with each one first.
I’ve done this comparison twice. Here’s what actually matters. Calculate your real cost: average spread plus any commission, minus the rebate percentage GlobeGain gives you. Do this for one pair you trade most.
FP Markets spreads are competitive, around 1 pip on EUR/USD for standard accounts. IC Markets can be tighter on their raw accounts but you pay more in commission. Once rebates apply, the difference shrinks to almost nothing for most traders.
What I found is that at your volume level, the broker with the best platform stability and fastest execution is cheaper in the end. A small slip costs more than tiny spread differences. I went with FP Markets because their platform felt solid and the rebates stacked up nicely.